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  • RPT-Polish PM wins vote of confidence in parliament Friday, 12 Oct 2012 | 12:38 AM ET

    WARSAW, Oct 12- Polish Prime Minister Donald Tusk on Friday won a parliamentary vote of confidence that he himself had requested to slap down criticism of how he is handling the slowing economy. Two hundred and thirty-three members of the 460- seat lower house of parliament backed Tusk in the vote, while 219 voted against him.

  • *Territorial spat between Japan and China may hit sales. TOKYO, Oct 12- Japan's government downgraded its view of the economy for the third straight month in October as worries about Europe's debt crisis and China's slowdown intensified, adding pressure on the central bank to offer further stimulus to support growth.

  • LONDON, Oct 12- Irish originator Permanent TSB made a capital gain in excess of EUR150m with its RMBS tender offer, repurchasing EUR644.6m of bonds from the Fastnet 2 transaction.

  • Polish PM wins vote of confidence in parliament Friday, 12 Oct 2012 | 12:37 AM ET

    WARSAW, Oct 12- Polish Prime Minister Donald Tusk on Friday won a parliamentary vote of confidence that he himself had requested to slap down criticism of how he is handling the slowing economy. Two hundred and thirty-three members of the 460- seat lower house of parliament backed Tusk in the vote, while 219 voted against him.

  • Markets slip after bank earnings reports Friday, 12 Oct 2012 | 12:35 AM ET

    LONDON-- Financial markets slipped on Friday, as disappointing earnings from Wells Fargo bank offset brighter figures from JP Morgan Chase& Co. and a strong U.S. consumer confidence survey. But revenue gains reported by Wells Fargo were below investors' expectations, pushing stock markets back down by the time European exchanges closed.

  • TEXT-S&P revises FIATC outlookl Friday, 12 Oct 2012 | 12:33 AM ET

    --On Oct. 10, 2012, we downgraded the Kingdom of Spain to' BBB-/A-3' from' BBB+/ A-2'. The outlook on Spain remains negative. The outlook revision follows our lowering of the long- and short-term ratings on the Kingdom of Spain on Oct. 10, 2012.

  • *Worries persist over whether Spain will request aid. NEW YORK, Oct 12- U.S. Worries on whether Spain will ask for a full-blown bailout to help its struggling economy stoked safety bids for Treasuries, while the Federal Reserve's latest bond purchase added to gains in longer-dated debt, analysts said.

  • French and Benelux stocks-Factors to watch on Oct. 12 Friday, 12 Oct 2012 | 12:31 AM ET

    Billionaire Vincent Bollore plans to list shares of his holding company's electric-car-and-batteries unit next year, the French tycoon told daily Les Echos in an interview. The French ad group said it had acquired 117,415 shares in LBi International NV as part of a deal to acquire the Dutch agency announced in September.

  • TEXT-S&P cuts Fenix Directo rating Friday, 12 Oct 2012 | 12:30 AM ET

    --On Oct. 10, 2012, we downgraded the Kingdom of Spain to' BBB-/A-3' from' BBB+/ A-2'. Rating Action On Oct. 12, 2012, Standard& Poor's Ratings Services lowered its unsolicited public information counterparty credit and insurer financial strength ratings on Spanish direct insurer Fenix Directo S.A. to' BBB-pi' from' BBBpi'.

  • *JPMorgan has lower' London whale' losses than in 1st half. Oct 12- Two of the nation's biggest banks, Wells Fargo& Co and J.P. Morgan Chase& Co, made record profits over the last three months from a sharp rise in mortgage lending, though performance stumbles elsewhere hurt J.P. Morgan more than Wells Fargo.

  • North Sea Crude-BP buys 6th Forties, values up Friday, 12 Oct 2012 | 12:29 AM ET

    Signs of tight crude supply from the North Sea in November and expectations of stronger refinery demand in Europe have also supported the market. Shipments of Forties to South Korea, encouraged by a free trade agreement during 2012, tend to support prices in the North Sea market, as well as Brent swaps and timespreads.

  • MOMBASA, Kenya, Oct 12- The number of tourists visiting Kenya's coast fell by 22 percent in the first eight months of this year compared to 2011 due to concerns over Islamist violence and the cost of landing rights in the traditional tourist hot spot, tour operators said.

  • TEXT-S&P cuts Grupo Catalana Occidente entities Friday, 12 Oct 2012 | 12:28 AM ET

    --On Oct. 10, 2012, we downgraded the Kingdom of Spain to' BBB-/A-3' from' BBB+/ A-2'. The outlook on Spain remains negative. --Our criteria allow a one-notch differential between the ratings on the core operating entities of Spanish insurance group Grupo Catalana Occidente, S.A. y Sociedades Dependientes, and the ratings on Spain.

  • UK shares bruised by earnings concerns Friday, 12 Oct 2012 | 12:27 AM ET

    *FTSE 100 down 0.5 percent on day, 1.2 pct on week. LONDON, Oct 12- Britain's FTSE 100 fell on Friday, dented by corporate earnings concerns after a second profit warning in a week from the engineering sector and by more weak data from mega metals consumer China.

  • --On Oct. 10, 2012, we downgraded the Kingdom of Spain to' BBB-/A-3' from' BBB+/ A-2', and maintained a negative outlook. The rating action follows our lowering of the long- and short-term ratings on the Kingdom of Spain on Oct. 10, 2012.

  • --On Oct. 10, 2012, we downgraded the Kingdom of Spain to' BBB-/A-3' from' BBB+/ A-2'. The outlook on Spain remains negative. The rating action follows our lowering of the long- and short-term ratings on the Kingdom of Spain on Oct. 10, 2012.

  • TNK-BP likely to expand 2013 oil buyers list Friday, 12 Oct 2012 | 12:19 AM ET

    LONDON, Oct 12- Russian oil firm TNK-BP will likely award its 2013 crude sale tender to six oil companies and trading houses, up from three last year, effectively diluting the influence a buyer can have on prices, trading sources said on Friday.

  • Berezovsky to pay Abramovich $56M in legal costs Friday, 12 Oct 2012 | 12:17 AM ET

    LONDON-- A British court has ordered self-exiled Russian tycoon Boris Berezovsky to pay 35 million pounds in legal costs to fellow Russian Roman Abramovich after losing a lawsuit against him.

  • BP to work with Azeri oil co on output fall-source Friday, 12 Oct 2012 | 12:17 AM ET

    BAKU, Oct 12- BP Plc, accused of leaving Azerbaijan short of $8 billion in budget revenue with false promises on production from a major group of oil fields, has agreed to work with the Azeri state oil company to address falling output, a source said.

  • TEXT-S&P cuts Nacional de Reaseguros S.A. Friday, 12 Oct 2012 | 12:17 AM ET

    --On Oct. 10, 2012, we downgraded the Kingdom of Spain to' BBB-/A-3' from' BBB+/ A-2'. The outlook on Spain remains negative. The rating action follows our lowering of the long- and short-term ratings on the Kingdom of Spain on Oct. 10, 2012.